TITLE

Capacity Outages Drive Ethylene Prices Higher

AUTHOR(S)
Bewley, Lindsey
PUB. DATE
March 2010
SOURCE
Chemical Week;3/8/2010, Vol. 172 Issue 6, p27
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article analyzes the increasing prices of ethylene as of March 2010. The 10 cts/lb increase in the prices of spot material is attributed to the firm demand and tight supply caused by capacity outages. With 13% of U.S. ethylene production capacity offline since the beginning of the month, sources claimed that the spot market is seeing strong trading action while buyers are focused on securing materials. One analyst quipped that petrochemical buyers must increase selling prices to protect margins where possible.
ACCESSION #
48970521

 

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